Course: AMT 354 2.0 Accounting and Finance (Compulsory)
Course content:
INTRODUCTION OF ACCOUNTING – PURPOSE, IMPORTANCE & RELATIONSHIP TO BUSINESS:The purpose of the business activity and forms of business organization, external and internal users of accounting information, The Importance of Accounting Information, Accounting and its use in business decisions, Technology in Accounting. ACCOUNTING ENVIRONMENT:Developments in accounting and finance bodies and career, the development of financial accounting standards (GAAP) and accounting concepts. INTRODUCTION TO DOUBLE ENTRY AND UNDERSTANDING THE ACCOUNTING EQUATION:Source Documents in Accounting, The Accounting Equation: Definition & Components, what are Accounts? – Definition and Use to Categorize Transactions, Understanding Debits and Credits in Accounting, Using the Accounting Equation: Analyzing Business Transactions, Journal Entries and Trial Balance in Accounting, and Recording Business Transactions and Journalizing, and trial balance INTRODUCTION TO FINANCIAL STATEMENTS: What Are Financial Statements? – Definition, Purpose & Importance, The Balance Sheet: Purpose, Components & Format, What Is an Income Statement? – Purpose, Components & Format, The Statement of Cash Flows: Purpose, Format & Examples, Preparing the Basic Income Statement, Cash flow, and the Basic Balance Sheet. INTRODUCTION TO FINANCIAL ANALYSIS: Explaining basic accounting terms that appear in financial statements, Reading Financial Statements, horizontal analysis and vertical Analysis, Ratio analysis for Understanding financial health of an organization. INTRODUCTION TO FINANCIAL MARKETS: Function of financial markets, Structure of financial markets, financial market instruments, Function of financial intermediaries, Types of financial intermediaries. IMPORTANCE OF ETHICS IN ACCOUNTING AND FINANCE Understand business ethics, governance and social responsibility of business.
Recommended Readings:
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- Frank Wood’s Business Accounting (2015), Alan Sangster & Frank Wood.
- Financial Accounting (2016), Kimmel, Weygandt, and Kieso
- Fundamentals of Financial Management (2013), Eugene F. Brigham and Joel F. Houston.